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Page 18 - வர்த்தகம் செயலாளர் வில்பர் ரோஸ் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Economics in Brief: Momentum Grows for a Minimum Wage Increase

While federal policymakers are debating the first federal minimum wage increase in more than a decade, consumer giant Costco with its 180,000 employees announced it will raise its internal minimum wage to $16 an hour. That’s one dollar more than the $15 an hour that workers and labor groups have been demanding for years as a federal minimum wage. Costco had already raised its starting hourly wage to $14 in 2018 and $15 in 2019. The company says 20 percent of its employees currently earn its minimum wage, according to CNN. Meanwhile in Washington, D.C., the Biden-Harris administration has been pushing to boost the federal minimum wage to $15 an hour as part of the next COVID-19 relief and recovery package. Some Democratic representatives in Congress are weighing a $12 minimum hourly wage as a compromise. On the other side of the aisle, Republican Senator John Thune of South Dakota opposes a $15 minimum hourly wage, saying he earned $6 an hour as a kid which would be $23 an hour

U S Signals It Will Implement Rule Curbing China Tech Threats

U.S. Signals It Will Implement Rule Curbing China Tech Threats Bloomberg 2/26/2021 Jenny Leonard © Bloomberg The Chinese flag stands on display outside the China Consulate General building in Houston, Texas, U.S., on Wednesday, July 22, 2020. China vowed retaliation after the U.S. forced the closure of its Houston consulate, prompting stocks to fall in one of the biggest blows to diplomatic ties between the two countries in decades. (Bloomberg) The U.S. signaled it currently intends to go ahead with a Trump administration-proposed rule to secure the information-technology supply chain next month, a move that gives the Department of Commerce broad authority to prohibit transactions involving “foreign adversaries.”

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